Restaurant chains hungry for 360 degree view of their business

TGI Fridays, Enterprise Inns, Riley’s Sports Bars and Honest Burgers are among a growing number of chains to sign up to a new software solution that gives them a “360 degree” view of their business.

The groups are all working with Fourth, which offers a platform that helps hospitality companies optimise revenue and profit via smart workforce planning, purchase to pay and inventory management.

The vendor claims it has had a “transformational” year in which it has expanded its reach across the globe, including major deals in Australia, Europe, US and UAE.

c are also among the companies that have adopted the technology to get an on-demand insight to all their data.

Ben Hood, CEO of Fourth, said: “Our platform now operates in 60 countries, supporting more than 50,000 sites. One of the key trends in the sector is the flight to better, smarter, faster and more efficient ways of working. This inevitably means harnessing the power of connected systems that help operators increase profitability, improve customer service and scale confidently.”

In light of this, Hood said it was seeing high demand for its cloud-based solutions.

“The demand for these better systems and better ways of working can only accelerate given the significant cost headwinds the industry is facing, including legislative challenges, cost-of-goods inflation, and the highly-competitive nature of the trading environment.”

Fourth is backed by New York-based Insight Venture Partners, a leading global private equity and venture capital firm founded in 1995 that supports software, internet and data.